SHFE Tin to Move Higher (2017-7-27)

Published: Jul 27, 2017 09:49

Save

LME tin may face technical corrections after seven consecutive days of gains and meet resistance at USD 20,600/mt, but will find some support from weak dollar.

SHANGHAI, Jul. 27 (SMM) –LME tin may face technical corrections after seven consecutive days of gains and meet resistance at USD 20,600/mt, but will find some support from weak dollar. SHFE 1709 tin rallied overnight and should rise further to RMB 147,500-148,500/mt today.

In Shanghai spot tin market, rising SHFE tin will send mainstream traded prices up to RMB 146,000-148,000/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2017-7-27)

LME tin prices SHFE tin prices tin prices Sn price base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

SHFE tin most-traded contract consolidates after gains amid mixed inflation and rate hike expectations [SMM Tin Midday Review]

[SMM Tin Midday Review: Anti-Inflation and Rate Hike Expectations Intertwine, the Most-Traded SHFE Tin Contract Consolidates After Strengthening]

1 hour ago

6 hours ago

SHFE tin closed overnight at 424,330, up 1.53%, breaking above 420,000. Before the September 11 CPI release, the 420,000 level awaits confirmation. [SMM Tin Morning Update]

[SMM tin morning news: SHFE tin closed overnight at 424,330, up 1.53%, standing above 420,000. Before the September 11 CPI, the 420,000 level awaits verification.

6 hours ago

Overnight SHFE tin rose 1.53% to close at 424,330, retracing the daytime session decline. LME canceled warrants ratio climbed to a stage high of 28.99%. [SMM Tin Morning Meeting Summary]

[SMM Morning Meeting Summary: Overnight SHFE tin rose 1.53% to close at 424,330, erasing daytime session losses; LME canceled warrants ratio climbed to 28.99%, a stage high]

6 hours ago